Strong Growth and Industry-Leading Safety Performance Highlighted at ABS Annual Members Meeting
https://www.hellenicshippingnews.com/strong-growth-and-industry-leading-safety-performance-highlighted-at-abs-annual-members-meeting/
The 163rd ABS Annual Members Meeting highlighted that ABS has never been stronger, with substantial growth and industry-leading safety performance reported. ABS continued to perform strongly in 2024, with the fleet growing to 300 million gross tons. The company also maintained the number one position among class organizations in global new order share with 22 ...
https://www.hellenicshippingnews.com/strong-growth-and-industry-leading-safety-performance-highlighted-at-abs-annual-members-meeting/
The 163rd ABS Annual Members Meeting highlighted that ABS has never been stronger, with substantial growth and industry-leading safety performance reported. ABS continued to perform strongly in 2024, with the fleet growing to 300 million gross tons. The company also maintained the number one position among class organizations in global new order share with 22 ...
ABS Presents Lifetime Achievement Award to Foremost Shipping Founder and Chairman
https://www.hellenicshippingnews.com/abs-presents-lifetime-achievement-award-to-foremost-shipping-founder-and-chairman/
ABS presented a Lifetime Achievement Award to Dr. James S. C. Chao, Founder and Chairman of the Foremost Group. The first ABS award of its kind, the honor was presented by ABS Chairman and CEO Christopher J. Wiernicki at the 163rd ABS Annual Members Meeting recognizing Dr. Chao’s contributions to shipping and his legacy of ...
https://www.hellenicshippingnews.com/abs-presents-lifetime-achievement-award-to-foremost-shipping-founder-and-chairman/
ABS presented a Lifetime Achievement Award to Dr. James S. C. Chao, Founder and Chairman of the Foremost Group. The first ABS award of its kind, the honor was presented by ABS Chairman and CEO Christopher J. Wiernicki at the 163rd ABS Annual Members Meeting recognizing Dr. Chao’s contributions to shipping and his legacy of ...
DCSA+ Partnership Programme gains momentum as new partner DB Schenker joins drive to accelerate digital transformation in shipping
https://www.hellenicshippingnews.com/dcsa-partnership-programme-gains-momentum-as-new-partner-db-schenker-joins-drive-to-accelerate-digital-transformation-in-shipping/
Digital Container Shipping Association (DCSA), a neutral, non-profit organisation driving standardisation and digital innovation in container shipping today announces that DB Schenker, one of the world’s leading ocean freight forwarders, has joined its DCSA+ partnership programme. The maritime logistics industry faces increasing pressure to enhance operational agility and sustainability while managing complex global supply chains. ...
https://www.hellenicshippingnews.com/dcsa-partnership-programme-gains-momentum-as-new-partner-db-schenker-joins-drive-to-accelerate-digital-transformation-in-shipping/
Digital Container Shipping Association (DCSA), a neutral, non-profit organisation driving standardisation and digital innovation in container shipping today announces that DB Schenker, one of the world’s leading ocean freight forwarders, has joined its DCSA+ partnership programme. The maritime logistics industry faces increasing pressure to enhance operational agility and sustainability while managing complex global supply chains. ...
PowerCell secures breakthrough order for hydrogen fuel cells with methanol reformer technology in the maritime sector
https://www.hellenicshippingnews.com/powercell-secures-breakthrough-order-for-hydrogen-fuel-cells-with-methanol-reformer-technology-in-the-maritime-sector/
PowerCell, the world’s leading supplier of fuel cells for the marine market, has secured its first commercial order for its M2Power 250 system, marking a significant milestone in the maritime sector’s transition to sustainable energy. The order comes from a leading European shipyard, valued at SEK 150 Million, and includes a 2 MW installation of ...
https://www.hellenicshippingnews.com/powercell-secures-breakthrough-order-for-hydrogen-fuel-cells-with-methanol-reformer-technology-in-the-maritime-sector/
PowerCell, the world’s leading supplier of fuel cells for the marine market, has secured its first commercial order for its M2Power 250 system, marking a significant milestone in the maritime sector’s transition to sustainable energy. The order comes from a leading European shipyard, valued at SEK 150 Million, and includes a 2 MW installation of ...
Axpo expands small-scale LNG operations
https://www.hellenicshippingnews.com/axpo-expands-small-scale-lng-operations/
Axpo has successfully completed its first LNG ship-to-ship delivery in the Port of Algeciras, marking the expansion of its LNG bunkering operations to a second Spanish port. Axpo’s 7,500-cubic-metre small-scale LNG vessel ‘Avenir Aspiration’ delivered LNG to MSC, a leading global shipping company, reinforcing Axpo’s growing presence in key Mediterranean hubs. Approximately 5,000 cubic metres ...
https://www.hellenicshippingnews.com/axpo-expands-small-scale-lng-operations/
Axpo has successfully completed its first LNG ship-to-ship delivery in the Port of Algeciras, marking the expansion of its LNG bunkering operations to a second Spanish port. Axpo’s 7,500-cubic-metre small-scale LNG vessel ‘Avenir Aspiration’ delivered LNG to MSC, a leading global shipping company, reinforcing Axpo’s growing presence in key Mediterranean hubs. Approximately 5,000 cubic metres ...
HSFO spot differential down, VLSFO gains
https://www.hellenicshippingnews.com/hsfo-spot-differential-down-vlsfo-gains/
Spot differential for high sulphur fuel oil (HSFO) inched lower in Asia on Thursday, a day after flipping back into premiums. Singapore 380-cst HSFO cash differential traded at $2.52 a ton, down 48 cents from the previous session and 180-cst HSFO was down 41 cents at 34 cents a ton. Meanwhile, the very low sulphur ...
https://www.hellenicshippingnews.com/hsfo-spot-differential-down-vlsfo-gains/
Spot differential for high sulphur fuel oil (HSFO) inched lower in Asia on Thursday, a day after flipping back into premiums. Singapore 380-cst HSFO cash differential traded at $2.52 a ton, down 48 cents from the previous session and 180-cst HSFO was down 41 cents at 34 cents a ton. Meanwhile, the very low sulphur ...
Supporting the IMO’s GHG pricing mechanism requires a change of mindset, says EmissionLink
https://www.hellenicshippingnews.com/supporting-the-imos-ghg-pricing-mechanism-requires-a-change-of-mindset-says-emissionlink/
The move to implement a global greenhouse (GHG) pricing mechanism at MEPC 83 is welcomed by EmissionLink. The IMO’s approval of the GHG pricing mechanism marks a pivotal shift in the shipping industry’s journey toward decarbonisation. For the first time, a binding global economic measure will put a price on emissions from international shipping, creating ...
https://www.hellenicshippingnews.com/supporting-the-imos-ghg-pricing-mechanism-requires-a-change-of-mindset-says-emissionlink/
The move to implement a global greenhouse (GHG) pricing mechanism at MEPC 83 is welcomed by EmissionLink. The IMO’s approval of the GHG pricing mechanism marks a pivotal shift in the shipping industry’s journey toward decarbonisation. For the first time, a binding global economic measure will put a price on emissions from international shipping, creating ...
MABUX: Global Bunker Prices Could be Heading Higher Next Week
https://www.hellenicshippingnews.com/mabux-global-bunker-prices-could-be-heading-higher-next-week/
By the end of the 17th week, the global bunker indices published by MABUX continued a moderate upward correction. The 380 HSFO index increased by 6.68 USD, rising from 463.50 USD/MT the previous week to 470.18 USD/MT, gradually approaching the 500 USD mark. The VLSFO index edged up by 3.35 USD, from 538.25 USD/MT to ...
https://www.hellenicshippingnews.com/mabux-global-bunker-prices-could-be-heading-higher-next-week/
By the end of the 17th week, the global bunker indices published by MABUX continued a moderate upward correction. The 380 HSFO index increased by 6.68 USD, rising from 463.50 USD/MT the previous week to 470.18 USD/MT, gradually approaching the 500 USD mark. The VLSFO index edged up by 3.35 USD, from 538.25 USD/MT to ...
Lloyd’s Register expands Global Fuel Finder with new biofuels capability
https://www.hellenicshippingnews.com/lloyds-register-expands-global-fuel-finder-with-new-biofuels-capability/
The enhanced platform supports safer, more sustainable fuel strategies in an increasingly complex marine energy landscape. Lloyd’s Register (LR) has enhanced its Global Fuel Finder tool, delivering a significant upgrade that allows ship operators and technical teams to make faster, smarter decisions when sourcing marine fuels. The latest development adds biofuel availability and quality insights ...
https://www.hellenicshippingnews.com/lloyds-register-expands-global-fuel-finder-with-new-biofuels-capability/
The enhanced platform supports safer, more sustainable fuel strategies in an increasingly complex marine energy landscape. Lloyd’s Register (LR) has enhanced its Global Fuel Finder tool, delivering a significant upgrade that allows ship operators and technical teams to make faster, smarter decisions when sourcing marine fuels. The latest development adds biofuel availability and quality insights ...
INTERCARGO Welcomes ILO Recognition of Seafarers as Key Workers – A Milestone in Advancing Maritime Labour Rights
https://www.hellenicshippingnews.com/intercargo-welcomes-ilo-recognition-of-seafarers-as-key-workers-a-milestone-in-advancing-maritime-labour-rights/
The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the recent decision at the International Labour Organization (ILO) to officially recognise seafarers as key workers under the Maritime Labour Convention (MLC). This long-anticipated outcome represents a significant step in ensuring fair treatment, safeguarding seafarers’ rights, and strengthening their access to medical care, mobility, and legal ...
https://www.hellenicshippingnews.com/intercargo-welcomes-ilo-recognition-of-seafarers-as-key-workers-a-milestone-in-advancing-maritime-labour-rights/
The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the recent decision at the International Labour Organization (ILO) to officially recognise seafarers as key workers under the Maritime Labour Convention (MLC). This long-anticipated outcome represents a significant step in ensuring fair treatment, safeguarding seafarers’ rights, and strengthening their access to medical care, mobility, and legal ...
Nabtesco combines Telegraph Agent™ and Cassandra to deliver unmatched fuel optimisation for Eastern Car Liner Co
https://www.hellenicshippingnews.com/nabtesco-combines-telegraph-agent-and-cassandra-to-deliver-unmatched-fuel-optimisation-for-eastern-car-liner-co/
Motion control technology giant Nabtesco Corporation has achieved a breakthrough success in marine fuel efficiency optimisation following the deployment of its new Telegraph Agent™ automatic speed control system on the car carrier Malaysia Grace, owned by Eastern Car Liner Co Ltd (ECL). The system was combined with group company DeepSea Technologies’ AI-driven optimisation tool Cassandra, ...
https://www.hellenicshippingnews.com/nabtesco-combines-telegraph-agent-and-cassandra-to-deliver-unmatched-fuel-optimisation-for-eastern-car-liner-co/
Motion control technology giant Nabtesco Corporation has achieved a breakthrough success in marine fuel efficiency optimisation following the deployment of its new Telegraph Agent™ automatic speed control system on the car carrier Malaysia Grace, owned by Eastern Car Liner Co Ltd (ECL). The system was combined with group company DeepSea Technologies’ AI-driven optimisation tool Cassandra, ...
WellAtSea Champions Mental Resilience and Team Health in Maritime Sector
https://www.hellenicshippingnews.com/wellatsea-champions-mental-resilience-and-team-health-in-maritime-sector/
In an industry where operational excellence depends on the strength and stability of its crew, WellAtSea, part of OneCare Group, is leading the way with a holistic health and wellbeing programme designed specifically for seafarers. Going far beyond basic health monitoring, WellAtSea’s digital platform delivers a transformative onboard experience that addresses the mental, physical, and ...
https://www.hellenicshippingnews.com/wellatsea-champions-mental-resilience-and-team-health-in-maritime-sector/
In an industry where operational excellence depends on the strength and stability of its crew, WellAtSea, part of OneCare Group, is leading the way with a holistic health and wellbeing programme designed specifically for seafarers. Going far beyond basic health monitoring, WellAtSea’s digital platform delivers a transformative onboard experience that addresses the mental, physical, and ...
Wärtsilä, Höegh Evi and partners successfully complete development of world’s first floating ammonia-to-hydrogen cracker
https://www.hellenicshippingnews.com/wartsila-hoegh-evi-and-partners-successfully-complete-development-of-worlds-first-floating-ammonia-to-hydrogen-cracker/
Wärtsilä Gas Solutions, part of technology group Wärtsilä, and Höegh Evi, a global leader in marine energy infrastructure, have successfully completed development of the world’s first floating ammonia-to-hydrogen cracker. This breakthrough technology enables floating import terminals to produce hydrogen at industrial-scale volumes from transported ammonia, marking a major step in the energy transition. The project ...
https://www.hellenicshippingnews.com/wartsila-hoegh-evi-and-partners-successfully-complete-development-of-worlds-first-floating-ammonia-to-hydrogen-cracker/
Wärtsilä Gas Solutions, part of technology group Wärtsilä, and Höegh Evi, a global leader in marine energy infrastructure, have successfully completed development of the world’s first floating ammonia-to-hydrogen cracker. This breakthrough technology enables floating import terminals to produce hydrogen at industrial-scale volumes from transported ammonia, marking a major step in the energy transition. The project ...
Distillate and jet fuel contribute to record U.S. petroleum product exports in 2024
https://www.hellenicshippingnews.com/distillate-and-jet-fuel-contribute-to-record-u-s-petroleum-product-exports-in-2024/
In 2024, U.S. exports of total petroleum products increased to a record 6.6 million barrels per day (b/d) annual average. Annual U.S. petroleum product exports increased by 495,000 b/d as U.S. exports of distillate fuel oil, typically sold as diesel, and jet fuel increased compared with 2023, while exports of total motor gasoline decreased. Imports ...
https://www.hellenicshippingnews.com/distillate-and-jet-fuel-contribute-to-record-u-s-petroleum-product-exports-in-2024/
In 2024, U.S. exports of total petroleum products increased to a record 6.6 million barrels per day (b/d) annual average. Annual U.S. petroleum product exports increased by 495,000 b/d as U.S. exports of distillate fuel oil, typically sold as diesel, and jet fuel increased compared with 2023, while exports of total motor gasoline decreased. Imports ...
Chinese coal buyers reject new Indonesia price benchmark
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
France to seek protection from Chinese steel imports after ArcelorMittal job cuts
https://www.hellenicshippingnews.com/france-to-seek-protection-from-chinese-steel-imports-after-arcelormittal-job-cuts/
France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. Primas was responding to an announcement by steel manufacturer ArcelorMittal MT that it will eliminate around 600 jobs across seven French sites due to the crisis in Europe’s steel ...
https://www.hellenicshippingnews.com/france-to-seek-protection-from-chinese-steel-imports-after-arcelormittal-job-cuts/
France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. Primas was responding to an announcement by steel manufacturer ArcelorMittal MT that it will eliminate around 600 jobs across seven French sites due to the crisis in Europe’s steel ...
South Korea’s KNOC receives 2 mil barrels of Kuwaiti crude for strategic reserves
https://www.hellenicshippingnews.com/south-koreas-knoc-receives-2-mil-barrels-of-kuwaiti-crude-for-strategic-reserves/
State-run Korea National Oil Corp. received 2 million barrels of Kuwaiti crude under a joint storage agreement with Kuwait Petroleum Corp. to serve as strategic reserves for South Korea, KNOC said April 23. A VLCC carrying 2 million barrels of Kuwait Export Crude (KEC) was docked at Ulsan Port on April 22, where preparations were ...
https://www.hellenicshippingnews.com/south-koreas-knoc-receives-2-mil-barrels-of-kuwaiti-crude-for-strategic-reserves/
State-run Korea National Oil Corp. received 2 million barrels of Kuwaiti crude under a joint storage agreement with Kuwait Petroleum Corp. to serve as strategic reserves for South Korea, KNOC said April 23. A VLCC carrying 2 million barrels of Kuwait Export Crude (KEC) was docked at Ulsan Port on April 22, where preparations were ...
Dalian iron ore snaps three-day rally on stronger supply outlook
https://www.hellenicshippingnews.com/dalian-iron-ore-snaps-three-day-rally-on-stronger-supply-outlook/
Iron ore futures fell on Thursday, snapping a three-day rise, on a stronger supply outlook from rising shipments, although seasonal demand for the key steelmaking ingredient limited the decline. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.28% lower at 720.5 yuan ($98.76) a metric ton. The benchmark May iron ...
https://www.hellenicshippingnews.com/dalian-iron-ore-snaps-three-day-rally-on-stronger-supply-outlook/
Iron ore futures fell on Thursday, snapping a three-day rise, on a stronger supply outlook from rising shipments, although seasonal demand for the key steelmaking ingredient limited the decline. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.28% lower at 720.5 yuan ($98.76) a metric ton. The benchmark May iron ...
Chinese coal buyers reject new Indonesia price benchmark
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
Baltic Index Rises To Over Two-Week High As All Vessels Post Gains
https://www.hellenicshippingnews.com/baltic-index-rises-to-over-two-week-high-as-all-vessels-post-gains/
The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments. The main index, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-over-two-week-high-as-all-vessels-post-gains/
The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments. The main index, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points. The capesize ...